Morningstar, Inc. Gross Profit 2008–2025
Morningstar, Inc. reported $1.49B of gross profit for fiscal 2025. That was 8.2% higher than fiscal 2024. Compared with fiscal 2020, the change was +79.2%.
| Fiscal year | Gross Profit | Gross margin | Change (YoY) |
|---|---|---|---|
| FY 2025 | $1.49B | 61.0% | +8.2% |
| FY 2024 | $1.38B | 60.6% | +15.4% |
| FY 2023 | $1.20B | 58.6% | +9.5% |
| FY 2022 | $1.09B | 58.3% | +9.0% |
| FY 2021 | $1.00B | 58.9% | +20.1% |
| FY 2020 | $833.10M | 60.0% | +19.7% |
| FY 2019 | $695.90M | 59.0% | +14.3% |
| FY 2018 | $608.80M | 59.7% | +15.9% |
| FY 2017 | $525.10M | 57.6% | +15.6% |
| FY 2016 | $454.30M | 56.9% | -1.0% |
| FY 2015 | $458.70M | 58.2% | +3.9% |
| FY 2014 | $441.50M | 58.1% | +3.4% |
| FY 2013 | $426.90M | 61.1% | +3.7% |
| FY 2012 | $411.50M | 62.5% | +3.9% |
| FY 2011 | $396.11M | 62.7% | -0.5% |
| FY 2010 | $398.28M | 71.7% | +13.7% |
| FY 2009 | $350.38M | 73.1% | -5.9% |
| FY 2008 | $372.37M | 74.1% | — |
Source: Morningstar, Inc. SEC filings — income statement (10-K). Computed deterministically; refreshed nightly (last updated August 2, 2026). Open MORN 10-K filings at SEC EDGAR · Methodology · Download CSV.
How to read this history
Morningstar, Inc. reported $1.49B of gross profit for fiscal 2025. That was 8.2% higher than fiscal 2024. Compared with fiscal 2020, the change was +79.2%. Values remain missing when the cached filing does not disclose a comparable line item; they are never estimated. Stock splits, reorganizations and fiscal-calendar changes can reduce comparability.
Prepared and reviewed by the stockportfolio.pro research desk. Corrections: support@stockportfolio.pro.
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Open the interactive view — freeMorningstar, Inc. — frequently asked questions
What is Morningstar, Inc.'s gross profit?
Morningstar, Inc. (MORN) reported gross profit of $1.49B for fiscal year 2025, per its SEC filings.
How has Morningstar, Inc.'s gross profit changed over time?
Between fiscal 2008 and 2025, MORN's gross profit grew at roughly 8.5% per year (compound annual rate), from $372.37M to $1.49B.
Where does this data come from?
Figures are computed from Morningstar, Inc.'s official SEC filings (income statement (10-K)), refreshed nightly. Not investment advice.